White Tech gains MiCA crypto license from Croatia’s HANFA

Croatia’s Financial Services Supervisory Agency (HANFA) has authorized White Tech to operate as a crypto-asset service provider under the European Union’s Markets in Crypto-Assets regulation (MiCA). The license allows White Tech to offer exchange, transfer and custody services across EU member states.

The authorization covers exchanging crypto-assets for fiat currencies and other crypto-assets, transfer services, and custody and administration of client crypto-assets. White Tech will operate under HANFA supervision and must comply with MiCA requirements on governance, risk management and consumer protection while holding client assets.

White Tech is a core infrastructure company within the W Group ecosystem, focused on crypto exchange services and conversions between crypto and fiat for businesses and users. The company is majority-owned by Volodymyr Nosov, founder and CEO of WhiteBIT, and will provide regulated backend services for W Group and its clients.

White Tech is among the first firms in Croatia to receive MiCA authorization. MiCA establishes common rules for crypto-asset providers across the EU to increase market transparency and set standards for consumer safeguards and operational controls.

W Group says it serves 35 million users in 150 countries. WhiteBIT, at the center of the group, lists more than 900 trading pairs, over 340 assets and support for eight fiat currencies. The group has partnerships with Visa, FACEIT, FC Barcelona, Juventus FC and the Ukrainian national football team.

The HANFA authorization brings White Tech into the MiCA supervisory regime administered by Croatian authorities and formalizes the firm’s ability to provide regulated exchange, transfer and custody services under EU rules.